A 1099 expense is an amount you pay to someone who works for you as a contractor. If they make more than $600/year, then you’ll need to send them a Form 1099 at tax time. ZipBooks makes it easy to keep track of these expenses.
Here’s how to mark a transaction as a 1099 expense:
- Log in to ZipBooks and select Transactions from the menu.
- Find the transaction you’re looking for in the list (or add a new transaction). Click on it and then select the Edit or Split button.
- In the Edit Expense window, check the box marked Assign to 1099.
- Click Save.
Now you’ll be able to see which expenses have been marked for 1099, right from the transactions list.
How to make all transactions for a certain contact default to 1099 expenses:
- Log in to ZipBooks and select Contacts from the menu.
- Find the contact you need and click on the Gear icon to the right.
- In the Edit Contact window, check the box labeled 1099 Contractor.
- Click Save.